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Monday, August 10, 2020

Blockchain-based IP Protection Application Gets Investment

Blockchain venture capital fund NEM Ventures has reportedly invested in SharpShark, a Chilean startup leveraging the Symbol blockchain platform to offer timestamping solutions for content creators to protect their intellectual properties. It will also allow them to tokenize or transfer their creations. 

Content creators and blockchain digital protection 

According to the report, SharpShark is designed for creators ranging from writers, academics and journalists to photographers, artists and designers. The platform will create a digital signature that will be issued to text and images to the Symbol blockchain. The data is stored in immutable form and is compliant with privacy policies. 

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SharpShark’s main use cases span media, academia and user-generated content platforms. The company said writers and journalists can use SharpShark to detect plagiarism, prevent copyright infringements and create a portfolio from their intellectual properties. Kailin O’Donnell, Co-Founder and General Partner at NEM Ventures added that: 

“Existing timestamping solutions have fallen short and copyright deposits are extremely costly. SharpShark’s digital timestamping service records artwork, aiming to protect creators’ moral rights to their work by detecting plagiarism and copyright infringement.”

As Cointelegraph previously reported, blockchain technology can greatly help one of the greatest challenges for digital content creators: maintaining copyright over their work.

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